Question: Charter Company needs to reduce the selling price of its product in order to be competitive. Currently, Charter has fixed costs of $346,400 and variable

Charter Company needs to reduce the selling price of its product in order to be competitive. Currently, Charter has fixed costs of $346,400 and variable costs per unit of $2.50. If Charter can sell 80,000 units, what price should it charge in order to break even? $7.44 $4.33 $6.83 $17.05

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